Consolidated Balance Sheets - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 6,316,883	$ 8,651,374
Accounts receivable, net of allowance for doubtful accounts of $459,923 and $508,288 at September 30, 2017 and December 31, 2016, respectively	687,491	1,261,923
Income taxes receivable	2,043,479	1,355,180
Other current assets	298,801	1,396,642
Total current assets	9,346,654	12,665,119
Property and equipment, net	843,606	905,345
Goodwill	8,870,649	8,845,394
Other intangible assets, net	2,458,128	2,850,635
Deferred income taxes	34,732	32,996
Deposits and other	26,022	30,464
Total assets	21,579,791	25,329,953
Liabilities and Shareholders’ Equity
Accounts payable	887,474	498,534
Accrued expenses and other current liabilities	575,406	953,171
Deferred revenue	276,673	280,159
Income taxes payable	448,694	484,349
Total current liabilities	2,188,247	2,216,213
Deferred income taxes	287,434	195,495
Total liabilities	2,475,681	2,411,708
Commitments and contingencies (Note 15)
Shareholders’ equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued or outstanding at September 30, 2017 and December 31, 2016
Common stock, $0.001 par value, Authorized shares-50,000,000; issued shares-8,433,229 at September 30, 2017 and 8,380,663 at December 31, 2016; outstanding shares-8,413,229 at September 30, 2017 and 8,360,663 at December 31, 2016	8,433	8,381
Additional paid in capital	28,134,643	27,556,398
Accumulated other comprehensive income loss	(365,945)	(445,055)
Accumulated deficit	(8,589,021)	(4,117,479)
Treasury stock	(84,000)	(84,000)
Total shareholders’ equity	19,104,110	22,918,245
Total liabilities and shareholders’ equity	$ 21,579,791	$ 25,329,953

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.